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Stock Market & Financial Investment News

News Breaks
December 5, 2012
05:42 EDTALVAutoliv opens new seatbelt plant in Indonesia
Autoliv has opened a new seatbelt plant in Cibitung near Jakarta, Indonesia. The new plant will enable the company to grow its sales in Indonesia from $12M last year to $25M by 2015 in already booked business and to $50M when the plant will be fully utilized. The plant will replace the company's existing Indonesian plant and serve Toyota, Daihatsu and Nissan, Autoliv's main customers in Indonesia. The new plant has a floor space of nearly 2,500 square meters on a land plot of 11,000 sqm and, at the start, 170 employees. All of the employees will be transferred from Autolivs existing Indonesian plant. The capital expenditures for the new plant amount to $3M.
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August 17, 2015
17:04 EDTALVAutoliv completes acquisition of M/A-Com Technology automotive business
Autoliv (ALV) announced that it has completed the previously announced acquisition of the automotive business of M/A-COM Technology Solutions Holdings (MTSI). The purchase price for MACOMs Automotive Solutions business is approximately $100M in cash, plus up to an additional $30M in cash based on achievement of revenue-based earn-out targets through 2019. In addition, MACOM has agreed to perform consulting services for Autoliv over a 2-year period for up to $15M in fees. Autoliv expects to have this acquisition fully integrated in Autoliv facilities in Lowell, MA before the end of 2015 and plans to disclose more details on the technology and business in connection with the upcoming Capital Markets Day on October 1-2.

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